Kawasaki Kisen Kaisha, known for the "K Line" logo stamped on its containers, is a Japan-based transport company. It's up 76% year-to-date.
It's not that prospects for the shipping industry are improving.
Rather, Kawasaki Kisen Kaisha is another beneficiary of the weak yen. As the yen loses ground against foreign currencies, K Line contracts increase in value.
So far this year, the yen has declined 14% against the U.S. dollar.
Japanese Finance Minister Taro Aso has defended his country's fight against deflation, saying the yen's decline is an unintended consequence.
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